Newtek Bank, N.A., a subsidiary of NewtekOne, Inc. (NASDAQ: NEWT), is a full-service, digitally enabled national bank purpose-built to meet the needs of independent business owners. As part of NewtekOne’s comprehensive platform, Newtek Bank integrates seamlessly with solutions across lending, payments, payroll, insurance, and technology—making it easy for clients to manage and grow their businesses through a single relationship.
Newtek Bank operates without traditional branches, bankers, brokers, or BDOs. Instead, clients are serviced by real people on camera, 24/7, delivering personalized support without the inefficiencies of a branch network. The bank is designed to eliminate friction through embedded solutions that enable business owners to move seamlessly from interest to application to activation—removing the roadblocks that typically slow down financial decisions.
NewtekOne, established in 1998, recently acquired a manual, single branch New York City-based bank, and by utilizing technology, people, and process, has transformed what is now known as Newtek Bank, N.A. into what it believes is the first true technology-oriented bank with no branches, traditional bankers, brokers, or BDOs. Newtek Bank has opened 15,000 depository accounts remotely and is the largest SBA government guaranteed lender in the United States in the most recent full fiscal year. Come hear how they did it, and how you can do it, too.